Chapter 5: Fundamental Transactions and Takeover Regulations
Part D: Duties and conduct of offeree and directors
R107: Appointments to board of offereeFrom the date that a firm intention announcement is published, until the offer is declared unconditional, lapses or is withdrawn, the offeror and its concert parties must not:
- (a) appoint any person to the board of an offeree regulated company; or
- (b) exercise votes attaching to any securities held in the offeree regulated company, unless the votes are cast:
- (i) on a resolution dealing with a matter unrelated to the offer; or
- (ii) by proxy in accordance with regulation 111 (7).
No related regulations.
No related sections.
No related note.
No related forms.